@return2ozma@lemmy.world to Work Reform@lemmy.world • 2 days agoJust a reminder...lemmy.worldimagemessage-square93fedilinkarrow-up11.42Karrow-down119
arrow-up11.4Karrow-down1imageJust a reminder...lemmy.world@return2ozma@lemmy.world to Work Reform@lemmy.world • 2 days agomessage-square93fedilink
minus-square@SuperCub@sh.itjust.workslinkfedilink-5•edit-21 day agoThis is the primary reason that inflation exists—so that business/corporations (the owner class) can steal more of your hard-earned money.
minus-squareObjectivityIncarnatelinkfedilink12•1 day agoUh, no, the primary reason inflation exists is so that there is an economy, lol. If there was deflation, the ‘optimal’ thing to do with your extra cash would literally be to stuff it under a mattress. Too much inflation is obviously bad, but deflation is also really bad. A tiny amount of inflation is optimal long-term.
minus-square@BallsandBayonets@lemmings.worldlinkfedilink4•7 hours agoI might need an ELIF on this, but why any type of -flation? Why not have a dollar today be equal in purchasing power to a dollar 40 years ago, or 40 years in the future?
minus-squareObjectivityIncarnatelinkfedilink1•5 hours agoShort answer is: to incentivize investment/entrepreneurship etc., which is good for the economy as a whole.
This is the primary reason that inflation exists—so that business/corporations (the owner class) can steal more of your hard-earned money.
Uh, no, the primary reason inflation exists is so that there is an economy, lol.
If there was deflation, the ‘optimal’ thing to do with your extra cash would literally be to stuff it under a mattress.
Too much inflation is obviously bad, but deflation is also really bad. A tiny amount of inflation is optimal long-term.
I might need an ELIF on this, but why any type of -flation? Why not have a dollar today be equal in purchasing power to a dollar 40 years ago, or 40 years in the future?
Short answer is: to incentivize investment/entrepreneurship etc., which is good for the economy as a whole.